Guideline Value for Krishna Street

Krishna Street guideline value

The current guideline value of Krishna Street in Porur village, under the Kunrathur SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Krishna Street has changed

Over the years, the guideline value of Krishna Street has seen several revisions. The 2007 revision set the value at Rs 750 per sq.ft, which then increased significantly to Rs 3,200 per sq.ft in 2012, marking a rise of 327%. However, the value dropped to Rs 2,144 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 3,200 per sq.ft, and the latest 2024 revision increased it further to Rs 3,520 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Krishna Street. Overall, from 2007 to 2024, the guideline value has increased by 369%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Krishna Street's 2024 figure below that median.

• Krishna puram: Rs 3,520 per sq.ft (2024)
• Krishna Nagar Main Road: Rs 3,520 per sq.ft (2024)
• Krishna Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Krishna Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Krishna Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Street?

The Sub Registrar Office that covers Krishna Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Porur

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. This value is used to calculate the applicable taxes and fees, making it an essential aspect of property dealings in the region.

Frequently asked questions

What is the current guideline value of Krishna Street?

The current guideline value of Krishna Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, representing an overall increase of 369% over the years.

What is the registration office for Krishna Street?

The registration office for Krishna Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Krishna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at 7%.

What are the other streets in Porur with the same guideline value?

Other streets in Porur under the Kunrathur SRO with the same guideline value of Rs 3,520 per sq.ft include Krishna puram, Krishna Nagar Main Road, Krishna Nagar 3rd Street, Krishna Nagar 2nd Street, Krishna Nagar 1st Street, and Krishna Nagar.